Pension Schemes Act (Northern Ireland) 2021 No. 6

SCHEDULES

Section 38.

SCHEDULE 3 N.I. Minor and Consequential Amendments

The Pension Schemes (Northern Ireland) Act 1993 (c. 49) N.I.

1.  The Pension Schemes Act is amended as follows. N.I.

Commencement Information

I1 Sch. 3 para. 1 in operation at 10.8.2021, see s. 44(1)(c)

2.  In section 96B(2) (meaning of “scheme rules”: occupational pension schemes)— N.I.

(a) in paragraph (a), after sub-paragraph (xii) insert—

“(xiia) sections 21, 23, 26, 28, 29 and 33 of and Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021;”;

(b) in paragraph (b), after sub-paragraph (ix) insert—

“(ixa) sections 21(7), 23(7), 26(9), 28(6), 29(2) and 33(5) of and paragraph 1(7) of Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I2 Sch. 3 para. 2 in operation at 10.8.2021, see s. 44(1)(c)

3.  In section 97AI(7) (rights under section 97AB: further provision)— N.I.

(a) in paragraph (a), after sub-paragraph (xi) insert—

“(xia) sections 21, 23, 26, 28, 29 and 33 of and Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021;”;

(b) in paragraph (b), after sub-paragraph (ix) insert—

“(ixa) sections 21(7), 23(7), 26(9), 28(6), 29(2) and 33(5) of and paragraph 1(7) of Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I3 Sch. 3 para. 3 in operation at 10.8.2021, see s. 44(1)(c)

The Pensions (Northern Ireland) Order 1995 (NI 22) N.I.

4.  In Article 67A(9) of the 1995 Order (subsisting rights provisions: meaning of “scheme rules”)— N.I.

(a) in sub-paragraph (a), at the end add—

“(xii) sections 21, 23, 26, 28, 29 and 33 of and Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021;”;

(b) in sub-paragraph (b), at the end add—

“(ix) sections 21(7), 23(7), 26(9), 28(6), 29(2) and 33(5) of and paragraph 1(7) of Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I4 Sch. 3 para. 4 in operation at 10.8.2021, see s. 44(1)(c)

The Pensions (Northern Ireland) Order 2005 (NI 1) N.I.

5.  The 2005 Order is amended as follows. N.I.

Modifications etc. (not altering text)

C1 Sch. 3 para. 5 transitional provision for commencement by 2021 c. 6 (N.I.), s. 44(1)(a)(b) (11.8.2021) by The Pension Schemes (2021 Act) (Commencement No. 1 and Transitional Provisions) Order (Northern Ireland) 2021 (S.R. 2021/234), art. 3

Commencement Information

I5 Sch. 3 para. 5 in operation at 10.8.2021 for specified purposes, see s. 44(1)(a)(v)

I6 Sch. 3 para. 5 in operation at 10.8.2021, see s. 44(1)(c)

I7 Sch. 3 para. 5 in operation at 13.9.2021 for specified purposes by S.R. 2021/234, art. 2(b)

6.  In Article 2(4) (interpretation: scheme rules)— N.I.

(a) in sub-paragraph (a), at the end add—

“(xii) sections 21, 23, 26, 28, 29 and 33 of and Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021;”;

(b) in sub-paragraph (b), at the end add—

“(ix) sections 21(7), 23(7), 26(9), 28(6), 29(2) and 33(5) of and paragraph 1(7) of Schedule 1 to the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I8 Sch. 3 para. 6 in operation at 10.8.2021, see s. 44(1)(c)

7.  In Article 9 (improvement notices), in paragraph (7) (meaning of “pensions legislation”)— N.I.

(a) in the opening words, after “by virtue of” insert “any of the following”;

(b) at the end add

“, or

(i) Part 1 of the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I9 Sch. 3 para. 7 not in operation at Royal Assent, see s. 44(2)

I10 Sch. 3 para. 7 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I11 Sch. 3 para. 7 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

8.  In Article 65 (duty to report breaches of the law) in paragraph (1), at the end add— N.I.

“(f) a scheme strategist or scheme funder of a Master Trust scheme within the meaning of Part 1 of the Pension Schemes Act (Northern Ireland) 2021 (see section 39 of that Act).”.

Commencement Information

I12 Sch. 3 para. 8 not in operation at Royal Assent, see s. 44(2)

I13 Sch. 3 para. 8 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I14 Sch. 3 para. 8 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

9.  In Article 67 (provision of information), in paragraph (1A), after “2008” insert “or Part 1 of the Pension Schemes Act (Northern Ireland) 2021”. N.I.

Modifications etc. (not altering text)

C2 Sch. 3 para. 9 transitional provision for commencement by 2021 c. 6 (N.I.), s. 44(1)(a)(b) (11.8.2021) by The Pension Schemes (2021 Act) (Commencement No. 1 and Transitional Provisions) Order (Northern Ireland) 2021 (S.R. 2021/234), art. 3

Commencement Information

I15 Sch. 3 para. 9 in operation at 10.8.2021 for specified purposes, see s. 44(1)(a)(v)

I16 Sch. 3 para. 9 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I17 Sch. 3 para. 9 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

10.  In Article 68 (inspection of premises), in paragraph (2) before sub-paragraph (e) insert— N.I.

“(dc) the Pension Schemes Act (Northern Ireland) 2021;”.

Commencement Information

I18 Sch. 3 para. 10 not in operation at Royal Assent, see s. 44(2)

I19 Sch. 3 para. 10 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I20 Sch. 3 para. 10 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

11.  In Article 72A (fixed penalty notices), in paragraph (6) after “2008” insert “or section 17 of the Pension Schemes Act (Northern Ireland) 2021”. N.I.

Commencement Information

I21 Sch. 3 para. 11 not in operation at Royal Assent, see s. 44(2)

I22 Sch. 3 para. 11 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I23 Sch. 3 para. 11 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

12.  In Article 72B (escalating penalty notices), in paragraph (8) after “2008” insert “or section 18 of the Pension Schemes Act (Northern Ireland) 2021”. N.I.

Commencement Information

I24 Sch. 3 para. 12 not in operation at Royal Assent, see s. 44(2)

I25 Sch. 3 para. 12 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I26 Sch. 3 para. 12 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

13.  In Article 75 (offences of providing false or misleading information), in paragraph (1)(c)— N.I.

(a) omit the “or” at the end of head (iv); and

(b) in head (v), at the end add

“, or

(vi) the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I27 Sch. 3 para. 13 not in operation at Royal Assent, see s. 44(2)

I28 Sch. 3 para. 13 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I29 Sch. 3 para. 13 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

14.  In Article 75A (financial penalty for providing false or misleading information to Regulator), in paragraph (2)(c)— N.I.

(a) omit the “or” at the end of head (iv); and

(b) in head (v), at the end add

“, or

(vi) the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I30 Sch. 3 para. 14 not in operation at Royal Assent, see s. 44(2)

I31 Sch. 3 para. 14 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I32 Sch. 3 para. 14 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

15.—(1) Article 85 (codes of practice) is amended as follows. N.I.

(2) In paragraph (2) (matters on which the Pensions Regulator must issue codes of practice), before sub-paragraph (k) insert—

“(jc) the process for making an application for authorisation of a Master Trust scheme under Part 1 of the Pension Schemes Act (Northern Ireland) 2021;

(jd) the matters that the Regulator expects to take into account in deciding whether it is satisfied that a Master Trust scheme meets the authorisation criteria under that Part (see section 5 of the Pension Schemes Act (Northern Ireland) 2021);”.

(3) In paragraph (6), in the definition of “the pensions legislation” at the end add

“, or

(h)

the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I33 Sch. 3 para. 15 not in operation at Royal Assent, see s. 44(2)

I34 Sch. 3 para. 15 in operation at 13.9.2021 by S.R. 2021/234, art. 2(c)

16.  In Article 88(2) (“regulatory functions” of the Regulator subject to procedure), before sub-paragraph (q) insert— N.I.

“(pe) the power to give a direction under section 26(7) of the Pension Schemes Act (Northern Ireland) 2021 (direction to submit implementation strategy), and”.

Commencement Information

I35 Sch. 3 para. 16 not in operation at Royal Assent, see s. 44(2)

I36 Sch. 3 para. 16 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I37 Sch. 3 para. 16 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

17.  In Article 92(5) (special procedure: applicable cases), before sub-paragraph (u) insert— N.I.

“(tg) the power to withdraw authorisation of a Master Trust scheme under section 19 of the Pension Schemes Act (Northern Ireland) 2021;

(th) the power to make a pause order under section 31 of that Act;

(ti) the power to make an order under paragraph 2(2) of Schedule 1 to that Act extending the period for which a pause order has effect;

(tj) the power to make an order under paragraph 3 of that Schedule validating action taken in contravention of a pause order;

(tk) the power to make an order under paragraph 4(3) of that Schedule directing the notification of members or employers;”.

Commencement Information

I38 Sch. 3 para. 17 not in operation at Royal Assent, see s. 44(2)

I39 Sch. 3 para. 17 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I40 Sch. 3 para. 17 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

18.  In Schedule 1 (the Pensions Regulator), in Part 1 (delegation), in paragraph 2(2), after head (o) add— N.I.

“(p) the power to issue a fixed penalty notice under section 17 of thePension Schemes Act (Northern Ireland) 2021;

(q) the power to issue an escalating penalty notice under section 18 of that Act.”.

Commencement Information

I41 Sch. 3 para. 18 not in operation at Royal Assent, see s. 44(2)

I42 Sch. 3 para. 18 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I43 Sch. 3 para. 18 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

19.  In Schedule 2 (functions exercisable by the Determinations Panel), before Part 5 insert— N.I.

“PART 4B N.I. Functions Under The Pension Schemes Act (Northern Ireland) 2021

44I.   The power to withdraw authorisation of a Master Trust scheme under section 19.

44J.   The power to give a direction under section 28(4) (direction to pursue continuity option).

44K.   The power to make a pause order under section 31.

44L.   The power to make an order under paragraph 2(2) of Schedule 1 extending the period for which a pause order has effect.

44M.   The power to make an order under paragraph 3 of that Schedule validating action taken in contravention of a pause order.

44N.   The power to make an order under paragraph 4(3) of that Schedule directing the notification of members or employers.

44O.   Terms used in this Part have the same meaning as in Part 1 of the Pension Schemes Act (Northern Ireland) 2021.”.

Commencement Information

I44 Sch. 3 para. 19 not in operation at Royal Assent, see s. 44(2)

I45 Sch. 3 para. 19 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I46 Sch. 3 para. 19 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

The Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13) N.I.

20.  In section 31 of the Pensions (No. 2) Act (effect of freezing order or assessment period: qualifying schemes)— N.I.

(a) in subsection (3), in the definition of “freezing event”, at the end add—

“, or

(d) the making of a pause order under section 31 of the Pension Schemes Act (Northern Ireland) 2021;”;

(b) in subsection (3), in the definition of “relevant provision”, at the end add—

“(d) in relation to a pause order, provision contained in the order or the provision made with respect to the order by section 31 of the Pension Schemes Act (Northern Ireland) 2021.”;

(c) in the section heading, for “or assessment period” substitute “, assessment period or pause order”.

Commencement Information

I47 Sch. 3 para. 20 not in operation at Royal Assent, see s. 44(2)

I48 Sch. 3 para. 20 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I49 Sch. 3 para. 20 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

The Pension Schemes Act (Northern Ireland) 2021 N.I.

21.—(1) Section 17 (fixed penalty notice for failure to comply with request for information) is amended as follows. N.I.

(2) In the heading, at the end insert “etc”.

(3) In subsection (1)—

(a) for “with a” substitute

“with—

(a) a”;

(b) after “Part” insert

“, or

(b) a notice issued under Article 67A of that Order (interviews), so far as relevant to the exercise of any of the Regulator’s functions under or by virtue of this Part.”.

Commencement Information

I50 Sch. 3 para. 21 not in operation at Royal Assent, see s. 44(2)

I51 Sch. 3 para. 21 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I52 Sch. 3 para. 21 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)

22.—(1) Section 18 (escalating penalty notice for failure to comply with request for information) is amended as follows. N.I.

(2) In the heading, at the end insert “etc”.

(3) In subsection (1)—

(a) for “with a” substitute

“with—

(a) a”;

(b) after “notice”)” insert

“, or

(b) a notice issued under Article 67A of that Order (interviews), so far as relevant to the exercise of any of the Regulator’s functions under or by virtue of this Part (an “Article 67A notice”).”.

(4) In subsection (2)(a), after “67 notice” insert “or the Article 67A notice”.

(5) In subsection (3), after “67 notice” insert “or an Article 67A notice”.

(6) In subsection (6)—

(a) in paragraph (b), after “notice” insert “or the Article 67A notice”;

(b) in paragraph (e), after “notice” insert “or the Article 67A notice”.

Commencement Information

I53 Sch. 3 para. 22 not in operation at Royal Assent, see s. 44(2)

I54 Sch. 3 para. 22 in operation at 16.3.2022 for specified purposes by S.R. 2022/110, art. 2(a)

I55 Sch. 3 para. 22 in operation at 6.4.2022 in so far as not already in operation by S.R. 2022/110, art. 2(b)